Windows Phone Thoughts: Is A Wi-Fi Bubble Building?

Here's an interesting article on the realities of Wi-Fi, especially startups that are embracing the technology as a core sale product (such as hotspots). You and I may be rooting for the technology, but has profit models been established yet at the mass quantities needed for a real success as a public network?

"...more and more analysts worry that euphoria over the one segment that has shown some life during the most prolonged tech downturn in recent memory could lead to overexpansion and an imbalance of supply vs. demand -- creating the type of capacity surplus that has shattered the telecom-equipment business over the past three years. One of the biggest worriers is Andrew Cole, an analyst with wireless consultancy Adventis in Boston. 'Wi-Fi is overrated and headed for a fall,' he declares.

The situation isn't that simple. Wi-Fi is really two markets -- one consumer, the other corporate. And at the moment, they seem to be headed for divergent paths -- one difficult, the other more promising."